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- Hedginghog replied Feb 8, 2011
With the definition I have given, the "niche" is about finding out what works for you... It need not imply something new or previously unused by retail traders, but rather finding one's own place and method in the broader markets. This would be ...
- Hedginghog replied Feb 8, 2011
Niche: a place or position suitable or appropriate for a person or thing: to find one's niche in the business world
- Hedginghog replied Feb 7, 2011
Custos - a nice thread and I commend you for going against the pack on this one. I agree with your sentiments regarding trading psychology, though would also point out that developing a "niche" might be one of many possible ways to develop a ...
- Hedginghog replied Jan 17, 2011
My humble opinion (and my humbling experience) is that you need to set yourself a minimum 3-5 year timeframe of consistent hard work if you want to become a reasonably good retail trader... Visions of anything else are likely to drive you into ...
- Hedginghog replied Jan 14, 2011
This is an excellent post by PP - best one so far in this thread. Neatly described concepts, though with significant implications for those stuck in the 'systems' rut....
- Hedginghog replied Jan 13, 2011
Here's something I wrote a few weeks back in a different thread: For many, the "forex market" (and many other markets for that matter) is defined by a screen with a price chart on it and with lots of indicators to choose from, provided by the retail ...
- Hedginghog replied Dec 21, 2010
Unless you are already a highly experienced a consistently profitable trader I would suggest that your aim should be to establish the capability of your method rather than just test a new system. The testing of a new "system" tends to exclude so ...
- Hedginghog replied Dec 9, 2010
"How can I fully exploit the capability of this set-up?" This is a key question which requires a focus on both the entry and the exit. Yes, the exit is obviously critical and is oftentimes the side of the (otherwise good) trade where things are ...
- Hedginghog replied Dec 6, 2010
+1 on the advice given by some of the experienced folk above. Additionally, you don't "find" a good strategy, you develop it. Small difference in wording but absolutely MASSIVE difference in terms of what goes into and what comes out of your trading ...
- Hedginghog replied Dec 4, 2010
Instead of thinking: "how can I make loads of money trading?" consider an alternative ambition such as: "how can I become a very good trader?" - what does a very good trader 'look' like? - how do they act and behave? - how do they spend most of ...
- Hedginghog replied Dec 2, 2010
Darkstar - I seem to recall we sledged each other in a previous context, but I just wanted to say that your posts in this thread are outstanding. When talking of "thinking outside the box" you are describing some of the practical underlying concepts ...
- Hedginghog replied Dec 2, 2010
Hi PP - Thanks for your comments and your raise a worthy question. I don't want to distract the direction of this thread, so will try to be brief in my answer. In short I did not treat it as "system" (many would I suppose) but as a "method" and not ...
- Hedginghog replied Dec 2, 2010
In order to think outside the box, you firstly need to understand what is inside the box very clearly indeed. This, in my humble opinion, is where many would-be traders fall at the first hurdle. For many, the "forex market" (and many other markets ...
- Hedginghog replied Nov 30, 2010
I admire and commend your enthusiasm, and do not seek to remove the wind from your sails... but I could not help but notice some glaring assumptions in your first post that would would appear to be untested (ok, here I am making some assumptions ...
- Hedginghog replied Nov 28, 2010
I wouldn't assume that learning about indicators is the best place to start in your forex education. In fact, some good traders may argue that this is the worst place to start, and an initial question to pose to yourself could be to consider why ...
- Hedginghog replied Nov 25, 2010
I think most traders, myself included, have been through, or will go through, what you are describing. I wonder whether the "spiral of death" behaviour (trading outside the plan to make up for numerous losses) is a problem in itself, or whether it ...
- Hedginghog replied Nov 25, 2010
Craig is spot on here, though he might be a little kind with the 1% possiblility of a non commercial EA being something other than BS. (Best to keep an open mind I suppose!) For what it's worth, a little check list of assumptions below might assist ...
- Hedginghog replied Nov 17, 2010
To my mind it is not a question of "system" vs "price action" (however you want to define those two terms), but more a question of a static and indiscriminate method versus a flexible, adaptable and evolving method. The former may work for a few ...
- Hedginghog replied Nov 17, 2010
Such humility is rare in these forums, and no doubt this serves you well in the markets. If you are a survivor in this business then chances are you don't have a small brain! Happy trading, my friend.
- Hedginghog replied Nov 17, 2010
hey tdion - a reasonable question, but can I also make a respectful observation that there seems to be the underlying assumption in your post - that being you are seeking possibilities relating to the trading of a single instrument to seek profit ...